TechFlow news, December 19 — According to Jinshi Data, traders have spent most of December speculating whether the typical year-end "Santa Rally" would materialize. The S&P 500 rose 0.8% on Thursday, ending a four-day losing streak after declining throughout the month. If history is any guide, stocks may continue to climb: data compiled by Citadel Securities shows that since 1928, the S&P 500 has risen during the final two weeks of December with a probability of 75%, averaging a gain of 1.3%.
A team from Goldman Sachs' trading division, including Gail Hafif, said, "Unless there is a major shock, it will be difficult to resist the seasonal tailwinds we are entering and the more favorable positioning." "While we don't necessarily expect a large rally, we do believe there is room for further gains through year-end."
